PLDT board approves acquisition of additional shares in digital unit
MANILA, Philippines - PLDT Inc. said on Wednesday that its board of directors approved its acquisition of additional shares in its digital unit, Kayana Solutions Inc. .In a disclosure to the Philippine Stock Exchange, the company said that on Tuesday, PLDT 's Board of Directors approved the telco's subscription of 594,000,000 additional common shares in Kayana, subject to execution of the relevant subscription agreement, for a total subscription price of P594 million.
It added that currently, Kayana is 45 percent owned by PLDT, 27.5 percent owned by Manila Electric Company , and 27.5 percent owned by Metro Pacific Investments Corporation.With the completion of the additional investment, PLDT’s equity ownership in Kayana will remain at 45 percent.Kayana, previously known as DigiCo, harnesses data assets of the MVP Group to deliver a superior and hyper-personalized customer experience.
Board Approves Acquisition Of Additional Shares In Digital Unit
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